The Archstone Partnerships, an alternative investment management firm focused exclusively on hedge fund investments, has extended its investment offerings for the first time to accredited investors through the Archstone Alternative Solutions Fund.
Capitalizing on over 25 years of experience and offering unique access to leading hedge fund managers, the Archstone Alternative Solutions Fund seeks to provide long-term capital appreciation while attempting to reduce volatility relative to the equity markets.
The Archstone Alternative Solutions Fund employs a fund of hedge funds strategy that was previously only available to qualified purchasers. It is now available to a broader group of investors as an SEC-registered, non-diversified, closed-end management investment company that expects to offer quarterly liquidity, dividend-type payouts, and will provide 1099 tax reporting.
"We are pleased to extend the availability of our proven investment strategy to a larger group of investors," says Alfred J Shuman, Founder and Managing Member of The Archstone Partnerships. "As is the case with our other investment vehicles, our new fund offers investors access to an actively managed portfolio of professionally selected hedge funds through a single investment which is designed to complement long-only investing portfolios."
"It's long overdue for retail investors and small foundations to have access to the high quality hedge fund managers held in our portfolio," says Joseph S Pignatelli (pictured), Jr, President and Co-Portfolio Manager. "With interest rates poised to rise, we believe hedge funds offer a particularly compelling opportunity to preserve and conservatively grow capital. The management and employees of Archstone, collectively as the largest investors in our funds, have seen firsthand over the past 25 years that in rising interest rate environments, hedge funds can serve as a valuable risk management tool in portfolio construction."
The Archstone Partnerships have been co-managed continuously since its inception by Mr. Shuman and Mr. Pignatelli. Over the past 10 years Archstone and its affiliates have been the recipient of several industry awards, including recognition in 2015 by InvestHedge of the firm's long-term track record.
The minimum investment for the Archstone Alternative Solutions Fund Class A Shares is USD50,000 with subsequent minimum investments of at least USD10,000. Class I Shares are available at the same initial minimum to certain investors as identified in the prospectus. The Fund is available on the Fidelity Brokerage Services LLC and Schwab AI Platforms.